Posts in Auctions

On the eve of Wells Fargo's annual shareholders meeting in San Antonio, TX on Tuesday, home defenders, students, community groups, and activists in ten cities took peaceful action against the bank. Petitions signed by thousands of people were delivered to Wells Fargo branches and offices across the country calling on CEO John Stumpf to change the bank’s predatory practices.

Citibank Refuses to Accept Minneapolis Mom’s Mortgage Payments; Home to be Auctioned Wednesday

Minneapolis—For months, Colleen McKee Espinosa, a single mother of three—including Nick Espinosa, a volunteer organizer who has helped other homeowners fight foreclosure—has repeatedly asked Citibank officials to allow her to catch up on her mortgage and keep her home. But Citibank still has the home scheduled to be auctioned off at a sheriff’s foreclosure sale this Wednesday, June 13th, at 9am.

McKee Espinosa, a registered nurse, has been in her home for 16 years. Last year, she attempted to pay her Citibank mortgage to catch up on two past-due payments on the indicated due date. The bank told her the home had already been sent into foreclosure.

“I’ve come up with the money I owe them but they refuse to take it,” McKee Espinosa said.Colleen’s son Nick Espinosa is a volunteer organizer for the group Occupy Homes Minnesota, a group that has waged successful campaigns that saved the homes of Monique White and US Marine veteran Bobby Hull.

Every week, foreclosed homes are sold at auctions throughout the five boroughs of New York City. Many of the families who live in these homes were victims of predatory loans and deceptive banking practices, but now face imminent evictions from some of the biggest culprits of financial fraud in the banking and mortgage industry. Others will have their house bought out by speculators, who are looking to flip properties, or gentrify new neighborhoods.

Watch the powerful new 'call to action' video and if you're in New York, join O4O and Occupy Wall Street (OWS) activists to occupy the forecluse auctions:

Community supporter of Occupy Homes MN will join with John Vinje and Lucinda Williams Monday morning to protest US Bank auctioning off their family’s home at a sheriffs sale planned for 11am. US Bank has failed to respond to John’s request for a sit-down meeting to discuss a reasonable renegotiation of his overpriced mortgage.

John Vinje explained: “If US Bank won’t come to me with a reasonable offer, we’re going to them. We’re going to attend the sheriff’s sale and demand to speak to the US Bank representative, and say this sale has got to be postponed until a real negotiation happens, until they give me a reasonable offer that can keep my family in our home.”

We have a great report from Causa Justa:Just Case in Oakland, California. Hundreds of supporters turned out to help stop the auction of Nell Myhand and her partner Synthia Green's home. The auction will be delayed until next month. Read more below the fold.

Stop Foreclosures

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